Chelsea are reportedly prepared to sell Florent Malouda in the summer, with Liverpool allegedly one of the Frenchman's potential suitors.
According to talkSPORT, the Blues would be prepared to entertain offers of around £12 million for the 30-year-old - who has been widely tipped to be part of a Stamford Bridge clearout.
Sportingo has since suggested that Liverpool will consider a move for the France international as they look to bring more potent wide options to Anfield at the end of the season.
Malouda could have joined Liverpool in 2007 after the Reds entered into negotiations with his then employers Lyon. However, Malouda rejected the chance to move to Liverpool - instead opting to seal a switch the Bridge rather than Anfield.
"There were discussions between Lyon and Liverpool but I had so many friends here that my mind was made up," he said.
"I spoke with them when I was in France and I have a lot of respect for the club, just as I do for Chelsea. They have a good coach and a good spirit.
"I was in contact with them when I was in France but I wanted to come here because I knew the club and the players here much better."
Liverpool are known to be in the market for reinforcements on the flanks after Damien Comolli admitted the Reds were short of penetration coming from wide areas.
Kenny Dalglish has since hinted Liverpool will attempt to sign players who will be able to provide quality service for Andy Carroll - something Malouda will certainly be capable of.
More likely for Liverpool, however, is a move for Aston Villa star Ashley Young - who is expected to be the subject of a bid from the Merseysiders when the transfer window reopens.